ASML Holding (NASDAQ:ASML) Position Reduced by Marietta Investment Partners LLC

Marietta Investment Partners LLC decreased its position in shares of ASML Holding (NASDAQ:ASML) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,159 shares of the semiconductor company’s stock after selling 30 shares during the period. ASML accounts for about 1.4% of Marietta Investment Partners LLC’s investment portfolio, making the stock its 26th largest holding. Marietta Investment Partners LLC’s holdings in ASML were worth $6,299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Capital Advisory LLC bought a new position in shares of ASML in the first quarter valued at $26,000. WD Rutherford LLC bought a new position in shares of ASML in the first quarter valued at $29,000. Triad Wealth Partners LLC bought a new position in shares of ASML in the second quarter valued at $31,000. First Community Trust NA bought a new position in shares of ASML in the second quarter valued at $34,000. Finally, POM Investment Strategies LLC bought a new position in shares of ASML in the second quarter valued at $36,000. Institutional investors own 26.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ASML. JPMorgan Chase & Co. lifted their price objective on shares of ASML from $1,172.00 to $1,202.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Morgan Stanley cut shares of ASML from an “overweight” rating to an “equal weight” rating in a research report on Friday. UBS Group cut shares of ASML from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 4th. Wells Fargo & Company lifted their price objective on shares of ASML from $1,150.00 to $1,185.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Finally, Barclays upgraded shares of ASML from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, July 30th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,147.80.

ASML Trading Down 4.0 %

ASML stock opened at $795.28 on Monday. The company’s fifty day simple moving average is $870.91 and its 200-day simple moving average is $939.21. The company has a quick ratio of 0.84, a current ratio of 1.52 and a debt-to-equity ratio of 0.31. ASML Holding has a 12 month low of $563.99 and a 12 month high of $1,110.09. The stock has a market cap of $313.81 billion, a P/E ratio of 40.62, a P/E/G ratio of 1.96 and a beta of 1.49.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Wednesday, July 17th. The semiconductor company reported $4.01 EPS for the quarter, beating the consensus estimate of $3.87 by $0.14. The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6 billion. ASML had a net margin of 26.50% and a return on equity of 49.93%. ASML’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $5.37 EPS. As a group, sell-side analysts forecast that ASML Holding will post 20.38 EPS for the current fiscal year.

ASML Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a $1.8732 dividend. The ex-dividend date was Monday, July 29th. This is a boost from ASML’s previous quarterly dividend of $1.34. This represents a $7.49 dividend on an annualized basis and a yield of 0.94%. ASML’s dividend payout ratio is currently 28.50%.

ASML Profile

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.